The law of supply says that when price rises, supply decreases.

Name: The law of supply says that when price rises, supply decreases.
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The law of supply states that when price rises, supply will increase, not decrease. When the price of a good or service increases, suppliers have an incentive to produce and supply more to the market in order to take advantage of the higher price and earn greater profits.

The Law of Supply Says That When Price Rises, Supply